Banks get N662b from CBN for liquidity control
Commercial and merchant banks accessed N662.44 billion loans from the Central Bank of Nigeria (CBN) to control their liquidity and maintain stability, according to CBN’s […]
CBN
N610bn disbursed under commercial agriculture credit scheme – CBN
The total amount released under the Commercial Agriculture Credit Scheme (CACS) from inception in 2009 to date, stood at N610.43 billion in respect of 593 […]
Nigeria spent N1.3trn importing commodities in 1 year – CBN
According to a report by the Central Bank of Nigeria (CBN), the country’s spending on commodities: rice, wheat, fish and sugar reached N1.3 trillion in […]
Annual import bill has decreased-CBN
By Mustapha Sumaila The Central Bank of Nigeria (CBN), says there has been significant reduction in Nigeria’s annual Imports Bill. The CBN Deputy Governor, Corporate […]
ASUU posts vital questions to FG as IPPIS impasse refuses to go away
Academic Staff Union of Universities (ASUU) has posed some tough questions to the Federal Government, asking why some federal agencies such as the Federal Inland […]
CBN injects $323.5m, CNY 17.9m into forex market
Mr Isaac Okorafor, Director, Corporate Communications, CBN By Mustapha Sumaila The Central Bank of Nigeria (CBN) has injected 323.5million dollars into the retail Secondary Market […]
Emefiele allays fear over slump in foreign reserves
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that the reduction in foreign reserves from $47 billion to about […]
Breaking: MPC retains Benchmark Lending Rate at 13.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, […]
Economy attracted $5.36b in third quarter of 2019 – NBS
According to a capital report by the National Bureau of Statistics (NBS), total value of capital importation into Nigeria stood at $5.36 billion in the […]
NECA applauds CBN over 60 percent loan deposit ratio
Nigeria Employers’ Consultative Association (NECA) has applauded the Central Bank of Nigeria (CBN) over its directive to the commercial banks to maintain a minimum Loan […]
Nigeria’s debt profile now N25.7 trn
Director-General, Debt Management Office (DMO), Ms Patience Oniha By EricJames Ochigbo The Debt Management Office (DMO) says that Nigerian’s total debt profile is N25.7 trillion. […]
Nigeria Imports $600m Cassava Derivatives Annually – CBN Governor
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that Nigeria imports cassava derivatives valued at about $600 million annually. Speaking at […]
CBN refutes claim on robbery at Benin branch
The Central Bank of Nigeria (CBN)has said there was no robbery attack at its Benin branch in Edo State. “Stories that armed robbers attacked CBN […]
No robbery attempt at CBN in Benin – Police
Police IG Muhammadu Adamu By Igbaugba Ehigimetor/Deborah Coker The Edo Police Command has denied reports of robbery attempt at the Central Bank of Nigeria […]
Buhari appoints ex-CBN acting governor, Sarah Alade, adviser on finance
By Abdullahi Muhammed President Muhammadu Buhari has approved the appointment of Dr (Mrs) Sarah Omotunde Alade, as Special Adviser to the President on Finance and […]